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Stochastic and 3 iMA

This is a simple trend strategy for Forex.

Recommended timeframe is H1, the default settings are for the GBPUSD currency pairs (for other timeframes and currency pairs, it is necessary to select other indicator settings).

The following indicators are used in the strategy:

  1. Exponential Moving Average: EMA (4) — blue
  2. Exponential Moving Average: EMA (13) — green
  3. Exponential Moving Average: EMA (50) — orange.
  4. Stochastic Oscillator (12,9,5), levels — 20, 40, 60, 80.

A buy trade is opened at the opening of the next candle after the following conditions are met:

  1. ЕМА (4) crosses ЕМА (50) upwards.
  2. ЕМА (13) also crosses ЕМА (50) upwards.

Stop loss is set at the distance of either 50-70 points, 70 by default, or below EMA (50) — whichever is greater.

Exit the position as soon as the dotted (%D) line of Stochastic crosses the level 60 downwards. Figure 1. Additionally, exit the position when ЕМА (4) crosses ЕМА (50) upwards, provided that the position in profit.

For sell trades the conditions are opposite.

Exit the sell trade as soon as the dotted (%D) line of Stochastic crosses the level 40 upwards. Figure 2. Additionally, exit the position when ЕМА (4) crosses ЕМА (50) downwards, provided that the position in profit.


Settings

  • Lot for trading - lot size.
  • StopLoss - for five-digit quotes.
  • MagicNumber - Magic Number
  • The reverse trade??? - if FALSE, then trading is performed strictly according to the strategy. If TRUE, the EA opens positions inversely.
  • Stochastic High Level - the upper level, the overbought level of the Stochastic indicator.
  • Stochastic Low Level - the lower level, the oversold level of the Stochastic indicator.

Hopefully, the indicator parameters are self-explanatory.

Mauro Giuseppe Tondo
1550
Mauro Giuseppe Tondo 2018.06.06 00:05 
 

User didn't leave any comment to the rating

Daniel Andrejczuk
5433
Daniel Andrejczuk 2017.11.09 23:45 
 

User didn't leave any comment to the rating

Andrey Litvichenko
7626
Andrey Litvichenko 2017.10.16 11:09 
 

User didn't leave any comment to the rating

Tomas Gajda
104
Tomas Gajda 2017.09.30 12:45 
 

Backtesting is so far so good after optimisation. Now forwardtest few months and see if same/similar results as for back test.

Nork
6051
Nork 2017.07.21 14:28 
 

User didn't leave any comment to the rating

Florin Selea
915
Florin Selea 2017.07.10 11:06   

What s wrong with this expert ? it opens more that 1 position and it shouldn t and doesn t puts stops ?!

Waste of time

sasha100
3551
sasha100 2017.04.24 12:54 
 

Интересный продукт.Спасибо автору.

Version 1.2 - 2017.06.01
Added the ability to select the levels of the Stochastic indicator.
Version 1.1 - 2017.04.28
Added the ability to reverse trading. It allows opening BUY positions instead of SELL and vice versa.